State will stick to fiscal discipline to cover R4.5bn relief at pumps
31 May 2022 - 15:14
UPDATED 31 May 2022 - 22:58
In anticipation of a huge fuel price increase amid the war in Ukraine, finance minister Enoch Godongwana has proposed a two-month extension of the reduction in the general fuel levy at an additional cost of R4.5bn that has not been fully funded.
The original relief, which was announced at the end of March and implemented in April, was due to expire at midnight on Tuesday, leaving SA motorists facing an increase of about 25% to above R25/l for petrol...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.